Comparison of AvaTrade and Binomo
| Feature | AvaTrade | Binomo |
|---|---|---|
| Broker | ||
| Year Founded | 2006 | 2014 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Market | Instant |
| Regulation | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO | SVGFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO | Binomo |
| Spread | ⬊ Low | - N/A |
| Maximum Leverage | 1:400 | 1:1 |
| Minimum Deposit | $100 | $10 |
| Base Currencies | USD, EUR, GBP, CHF | USD, EUR |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, PayPal | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) |
| Inactivity Fee | $50 per month after 3 months | $30 per month after 30 days of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), The Investor Compensation Company DAC (ICCL) | FinancialCommission.org |
| Protection Size | £85 000 / €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✖ |
| EAs/Robots | ✔ | ✖ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Commodities, Indices, Stocks, Cryptocurrencies |
| Review | AvaTrade Review | Binomo Review |
About AvaTrade
AvaTrade is a well-established Forex and CFD broker recognized for its comprehensive trading platforms, diverse range of financial instruments, and robust regulatory framework. Founded in 2006, AvaTrade serves clients worldwide, offering access to major and minor currency pairs, commodities, indices, cryptocurrencies, and more. The broker supports multiple trading platforms, including the popular MetaTrader 4 and 5, as well as its proprietary AvaTradeGo app, catering to both desktop and mobile traders. AvaTrade is regulated by several reputable authorities, ensuring a high level of security and trust for its clients. Additionally, the broker provides a variety of account types to suit different trading styles and experience levels, along with extensive educational resources and customer support to assist traders in making informed decisions. With competitive spreads, flexible leverage options, and efficient withdrawal processes, AvaTrade stands out as a reliable choice for both novice and experienced Forex traders.
Pros
- Regulated by multiple top-tier financial authorities
- Offers MetaTrader 4, MetaTrader 5, and AvaTradeGo app
- Provides access to Forex, commodities, indices, and cryptocurrencies
- Extensive tutorials, webinars, and market analysis available
- Offers tight spreads across numerous trading instruments
- Free demo accounts available for practice trading
- Multilingual support available through various channels
Cons
- Maximum leverage may be lower than what some traders desire
- AvaTradeGo app offers fewer customization options
About Binomo
Binomo is a binary options trading platform founded in 2014 that targets beginners with a very low $10 minimum deposit and $1 trade size. The broker is a Category A member of the International Financial Commission, giving clients access to a €20 000 compensation fund in case of disputes. Three live account tiers (Standard, Gold, VIP) unlock higher payouts-up to 90% - and faster withdrawals. While Binomo’s proprietary web and mobile apps are easy to use and offer weekend trading, the company is not regulated by top-tier financial authorities and is unavailable to traders in the EU and several other jurisdictions.
Pros
- Low $10 minimum deposit and $1 trade size
- Up to 90% payouts on VIP tier
- Fast proprietary web & mobile platform
- Free demo account with $10000 virtual funds
- Member of the International Financial Commission with €20000 compensation fund
- Multilingual interface and local payment options
Cons
- Not regulated by major authorities such as FCA or ASIC
- Limited number of underlying assets versus CFD/forex brokers
- No MetaTrader or third-party platforms available
- Education materials are basic compared to top forex brokers
AvaTrade & Binomo Regulation
| Feature | AvaTrade | Binomo |
|---|---|---|
Companies | Ava Trade EU Ltd, Ava Trade Markets Ltd, Ava Capital Markets Australia Pty Ltd, Ava Capital Markets Pty, Ava Trade Japan K.K., AVA Trade Middle East Ltd, ATrade Ltd, Friedberg Mercantile Group Ltd. | Dolphin Corp LLC, Pollack Trade LTD |
Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | St. Vincent & the Grenadines |
Regulators | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO | SVGFSA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), The Investor Compensation Company DAC (ICCL) | FinancialCommission.org |
Investor Protection Size | £85 000 / €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | AvaTrade | Binomo |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.6 | — |
| Fee | No | — |
| Max Leverage | 1:400 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | — | FTT |
| Minimum Deposit | — | $10 |
| Option Types | — | FTT (Fixed Time Trade), 5-Second Trades (5ST) |
| Minimum Stake | — | $1 |
| Payout | — | from 40% to 90% |
| Expiration Time | — | from 5 seconds to 1 hour |
Funding and Fees
| Feature | AvaTrade | Binomo |
|---|---|---|
Base currencies | USD, EUR, GBP, CHF | USD, EUR |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, PayPal | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) |
Inactivity fee | $50 per month after 3 months | $30 per month after 30 days of inactivity |
Interest on margin | ||
Withdrawal fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence |
Trading Platforms and Conditions
| Feature | AvaTrade | Binomo |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO | Binomo |
Execution Speed | 0 ms | 50 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | N/A |
Trading Assets
| Asset | AvaTrade | Binomo |
|---|---|---|
Currencies | 53 | 28 |
Indices | 46 | 5 |
Stocks | 614 | 28 |
Cryptocurrencies | 20 | 6 |
Bonds | 2 | 0 |
Metals | 7 | 2 |
Energies | 5 | 1 |
Soft Commodities | 7 | 0 |
ETFs | 61 | 0 |
Education and Analytics
| Feature | AvaTrade | Binomo |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | AvaTrade | Binomo |
|---|---|---|
Email | customer@avatrade.com | support@binomo.com |
Phone | +3228080310 | — |
Telegram | Telegram | Telegram |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing AvaTrade and Binomo, AvaTrade comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.